Wallet feature added to cashari

On June 27, GarageBank Corporation added a new wallet feature to cashari, the app for managing and unlocking the value of personal movable assets. With this feature, users can complete receiving sale proceeds and paying lease fees and other amounts through in-app operations alone, enabling unified management of physical and financial assets.

About the wallet service

The new wallet service has been built using the embedded financial services offered by GMO Aozora Net Bank, Ltd. (Shibuya-ku, Tokyo; Chairman & CEO: Taketo Kaneko; President: Takeshi Yamane; hereinafter "GMO Aozora Net Bank"), and is integrated with a dedicated branch account, the "cashari branch account." In connection with launching the wallet service, GarageBank has registered as an Electronic Payment Service Provider in order to access users' cashari branch accounts and execute lease-fee transfers from those accounts.

(Electronic Payment Service Provider Registration: Director-General of the Kanto Local Finance Bureau (EPSP) No. 115)

About GMO Aozora Net Bank, Ltd.

Founded in July 2018 as a new internet bank, GMO Aozora Net Bank operates under the corporate vision "All for our customers — aiming to be the No. 1 technology bank." Through in-house system development, the bank delivers customer-centric financial and payment services with speed. Driven by rapid adoption — particularly among small and startup business customers — for reasons including online account opening, fast onboarding, low fees, convenient funding services, and a rich set of banking APIs, the bank has set out three medium- to long-term strategic pillars: (1) the No. 1 bank for small and startup businesses, (2) the No. 1 in embedded financial services, and (3) the No. 1 tech-first bank. Believing that "the growth of our customers' businesses is our growth," the bank is advancing new system development and service offerings together with its customers.